Design-focused e-commerce site Fab.com was named #5 among the world’s 50 most innovative companies, and #1 in the industry ranking «Style». In November 2012, VTB Capital’s Venture Business and partners invested in Fab.com.

Oktogo.ru, the leading Russian online hotel booking and travel site, was ranked #35 among the world’s 50 most innovative companies, and #1 among top 10 most innovative companies in Russia. In March 2012, VTB Capital’s Venture Business led round B financing along with international venture funds Mangrove Capital Partners and Ventech, and Russian venture fund ABRT.

Aidar Kaliev, Global Head of Venture Business at VTB Capital, said: "We strive to invest in the most promising companies in their sectors. For us, it is necessary that there be strong project team, both in terms of technical knowledge as well as leadership. The company should demonstrate a well developed market strategy and a clear understanding of the business model. The fact that our portfolio companies were assigned high ratings by distinguished industry experts is the best affirmation that we are on the right track."

Vladimir Potapov, Chief Executive Officer at VTB Capital Investment Management, added: “Outstanding ratings from highly regarded experts and sources could generate additional interest in our portfolio companies from international investors and potential strategic partners. We are appreciative and proud to receive such results.”

The world’s 50 most innovative companies ranking, prepared by Fast Company, is an annual guide to the state of innovation in economy, featuring the businesses whose innovations are having the greatest impacts across their industries and our culture as a whole.

Fast Company is the world's leading progressive business media brand, with a unique editorial focus on innovation in technology, ethonomics (ethical economics), leadership, and design.

Fab.com was founded in February 2011 and launched on June 9, 2011. Fab’s headquarters are in New York. Over 11 million people around the world use Fab.com to discover everyday design products at great prices, to connect with the world’s most exciting designers, and to share their favorite design inspirations. The company sells its products in 26 countries around the world.

Oktogo.ru is the leading Russian online hotel booking and travel site. The founders of Oktogo.ru were the founding team members of Russia’s leading online property, Mail.ru and helped build DataArt, one of the premier software developers for the travel sector in Europe and the United States.